It's a little bit expensive, but then again ... it's the only camera of its type. The Ricoh GR and Nikon Coolpix A have larger sensors but are fixed wide angle cameras. The Nikon 1 series lenses don't retract enough to be truly pocketable in pants.

$850 can buy a better camera, but maybe not at this size. If this rumor pans out, it appears that Sony added everything most people who used the MK1 and MKII versions wanted.

I'm interested after swearing off the II version... I felt the Ricoh GR was better at 28mm and that it was too slow at the 50-100mm mark.

24mm will come in handy and the fast aperture will be nice at telephoto. Makes more sense than the tiny m4/3 cameras with larger lenses (GM1).